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COMPANY BENCHMARKING • UNITED STATES

Hobby Lobby Stores Inc. - Company Profile

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Hobby Lobby Stores Inc. - Overview

Brands
Hobby Lobby
Description
Hobby Lobby Stores is a private company headquartered in Oklahoma with an estimated 43,000 employees. In the US, the company has a notable market share in at least three industries: Hobby & Toy Stores, Fabric, Craft & Sewing Supplies Stores, Online Hobby & Craft Supplies Sales and Online Hobby & Craft Supplies Sales. Their largest market share is in the Online Hobby & Craft Supplies Sales industry, where they account for an estimated 33.8% of total industry revenue and are considered an All Star because they display stronger market share, profit and revenue growth compared to their peers.
Company Details

Registered Name: Hobby Lobby Stores Inc.

Company Type: Other

Headquarters: 7707 SW 44th St Oklahoma City OK 73179

Website: https://www.hobbylobby.com/

Employees: 43000

Hobby Lobby Stores Inc. - Operating Industries and Main Competitors

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Hobby Lobby Stores Inc. - Products and Services

  • Hobby & Toy Stores in the US

    • Of the 5 core revenue-generating products and services in the Hobby & Toy Stores in the US industry, Hobby Lobby Stores Inc. offers:
    • Craft supplies
    • Games (including electronic and video games)
    • Hobby goods
    • AAAAA AAAAA

  • Online Hobby & Craft Supplies Sales in the US

    • Of the 4 core revenue-generating products and services in the Online Hobby & Craft Supplies Sales in the US industry, Hobby Lobby Stores Inc. offers:
    • Fabrics
    • Hobby goods
    • Patterns
    • AAAAA AAAAA

  • Fabric, Craft & Sewing Supplies Stores in the US

    • Of the 3 core revenue-generating products and services in the Fabric, Craft & Sewing Supplies Stores in the US industry, Hobby Lobby Stores Inc. offers:
    • Fabrics
    • Patterns and other
    • Sewing and craft supplies
error_outline To view Hobby Lobby Stores Inc.'s full products and services, see purchase options.

Hobby Lobby Stores Inc. - Analyst Insights

Hobby Lobby increased its minimum hourly wage effective in 2022

At the end of 2021, Hobby Lobby Stores Inc. (Hobby Lobby) announced an increase in its minimum full-time hourly wage to $18.50, at the start of the new year. Hobby Lobby has historically led the retail sector in raising its national minimum wage about the federal minimum wage, raising wages 12 times since 2009. Additionally, this move follows an increase in its part-time hourly minimum wage by 18.0% in October 2021.

Labor


In response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.

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Hobby Lobby Stores Inc. - SWOT Analysis

Strengths and weaknesses take into account internal factors, and are based on Hobby Lobby Stores Inc.'s performance in comparison to its competitors. Opportunities and Threats focus on external influences, and are based on trends and demand in the Hobby & Toy Stores in the US, Online Hobby & Craft Supplies Sales in the US, and Fabric, Craft & Sewing Supplies Stores in the US industries.
Strengths
Days Receivables: x.x%
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Rank: 2 of 3 peers
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Annual Turnover: x.x%
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Rank: 2 of 3 peers
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Weaknesses
Credit Risk: x.x%
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Rank: 2 of 3 peers
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Revenue per Employee: $xx
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lock
Rank: 2 of 3 peers
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Opportunities
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Threats
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error_outline To view Hobby Lobby Stores Inc.'s full SWOT analysis, see purchase options.

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